Golar LNG Partners completed acquisition of equity interest in Golar Hilli, owner of FLNG Hilli Episeyo
Golar LNG Partners LP announced on 12 July 2018, further to its announcement on August 16, 2017, that it has completed the acquisition of 50% of the common units in Golar Hilli LLC ("Hilli LLC"), the indirect owner of the FLNG Hilli Episeyo. The acquired interest in Hilli LLC represents the equivalent of 50% of the two liquefaction trains, out of a total of four that have been contracted to Perenco Cameroon SA and Société Nationale Des Hydrocarbures pursuant to a Liquefaction Tolling Agreement ("LTA") with an 8 year term, as well as a 5% interest in any future distributions generated by the currently uncontracted expansion capacity of Hilli Episeyo. The acquired interest will not be exposed to the oil linked pricing elements of the tolling fee under the LTA.
This acquisition should strengthen the Partnership's financial position and provide strong support to its distribution going forward.
